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20121129
20121207
Search Results 0 to 8 of about 9 (some duplicates have been removed)
, not rates, and somewhat ideological, somewhat practical position on the obama side saying we can't get to $1.6 trillion without doing rates. now, we're not going to get to $1.6 trillion, so it becomes academic. >> can we get to $1.2 trillion where i think and others think we're going to end up without raising the rates? >> you can do it mathematically. it works. you can write laws that do it. the question you have to say to yourself, do you want to start eliminating charitable deductions for state and local taxes, for charitable, for health care, even, for retirement funds? in other words, do you really want to turn people's behavior kind of inside-out almost overnight by changing the way taxes work so quickly? >> mark, you're as plugged in as anybody in washington right now. are these guys talking to each other in a real, meaningful way? i know they put out the information that the president talked to john boehner yet, but are there real behind-the-scenes intense negotiations as we're now four weeks away from this thing? >> in talking to people so both sides yesterday, they had the identica
to compromise it out. you don't increase the rates as much as obama wants. you do some stuff on deductions and so-called loopholes that the republicans want. you create $1.2 trillion of revenue. you have a trillion dollars of savings from some stuff that happened already last year, do some stuff on defense, you could get the $4 trillion package that we need. it's not hard. you just have two sides that are so polarized, have dug themselves into such deep corners, and just seem unwilling to get out of them. >> it will get done. remember i told you that. >> from donnie's lips. >>> let's get to some of your charteds here because katty asked you what happens if we do go over the cliff. let's look at some of the real consequences. the uncertainty index is your first one. >> as i said, we don't know what happens, but there's a few indicators that give us a sense as to at least where people, business and the economy is at the moment. one interesting index that i came upon is called the uncertainty index. it's done by several economists where they attempt to incorporate the number of news stories t
on the fact we're not going to raise the rates on anybody at any point. and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now it's time for the republicans to come out with a plan and then have the democrats say, no, that's crazy. >> gretchen: one thing is for sure, nobody is going to get everything that they want. that's just the way it is, i think, in this very difficult situation. both sides are going to have to compromise. >> brian: i think the rolling stones sang about satisfaction and you can't always get it. >> steve: you can't get no. >> brian: we'll go over that and maybe sing it. costco is a company in which the president always leans on the ceo, the guy in c
holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say and turn it around. boehner and the republicans have to be aware of where obama's at in his own head and with his colleagues, which is no deal without some increase in rates, or we go over the cliff. >> let me just add one thing. when obama made that initial offer, we talked a little bit about how, you know, it was a wish list. it was ideological, whatever you want to say. i think it actually helped boehner in some respects because it gave him three or four things that he could then go back to his caucus and say, look, i moved obama off of this, this and this. and when boehner put his offer o
caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democratic convention. >> a president who understands what the private sector needs to succeed. a president who takes the long view and makes the tough decisions. that is whh i am here tonight supporting president obama. stuart: supports president obama, supports tax the rich, but does not pay the rich taxes. i say tax hypocrisy and i am b
. >> and the weather. >> gretchen: the third thing is that the white house leaks are now saying that president obama actually maybe wants to go over the fiscal cliff if the republicans do not agree to raising income tax rates even though yesterday they agreed to these deductions and loopholes and getting rid of them, which essentially many people argue, would do somewhat of the same thing. your thoughts? >> right. so there are going to be consequences for syria if they use chemical weapons and the president thinks there is going to be severe consequences for the republicans if, in fact, we go over this precipice and raise your hand if you're tired of this cliche about the fiscal cliff. he thinks look, the republicans will suffer terribly, the country will be thrown into some turmoil, he thinks and he thinks he's the winner either way. it's easy for the president and his team to go out there and posture on this. but both sides are playing this game a little bit. the republicans are doing the same thing. they're play to go their base. they want to make sure that regardless of what ends up happening at
middle income tax cut to the floor. >> reporter: later on today president obama will say that any deal reached in congress must include increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high i
marshalling tax rates or taxes on the rich was a red herring in debt reduction. the problem that you have is right or wrong, obama has just won the election on that basic pledge to raise taxes. >> wrong, wrong, wrong! you know what, that makes no sense. how many people do you know that said i'm going to vote for the president to have more debt, and in an economy that can't grow it's way out of the issues? we currently only take in about 15.5% revenues. we need to get to 2021. >> i understand that. >> it's not a tax problem, it's a growth problem. and he has no growth plan. so then they blame others, because they don't have a plan. >> but he was able to get through the election doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, le
Search Results 0 to 8 of about 9 (some duplicates have been removed)